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MALAYSIA'S LARGEST CORPORATIONS performed better in 2007, seemingly riding on an improved economic climate. But the impact of a slowing economy in the first half of this year is starting to show on the bottom lines of some companies.
This situation is captured in our latest annual study of Bursa Malaysia's Top 100 companies by turnover for 2007/2008.
The MB100 survey reveals that the combined net profits of these companies rose by 50% to RM64.4 billion over the previous period (2006/2007). Combined turnovers too increased, but on a smaller scale of 10% to RM466.4 billion, indicating an environment of improved margins.
All 100 companies reported turnovers exceeding RM1 billion each.
Profit-wise, 75 registered increases. However, there is a wide disparity between the top earners and those at the bottom. For instance, plantation stalwart PPB Group Bhd netted RM7 billion in profits while conglomerate Ranhill Bhd had RM619.6 million in losses to show for its efforts.
Overall, 17 companies registered net profits surpassing RM1 billion each, while five were loss-making. A handful posted small or negligible increases in profit.
Since our MB100 list is based on the latest published audited/unaudited figures, companies with financial year-ends of July 2008 onwards are ranked based on …